Market Overview for Santos FC Fan Token/Bitcoin (SANTOSBTC)

• Price opened at $1.319e-05 and closed at $1.318e-05 after a 24-hour session.
• Volatility was evident with a high of $1.359e-05 and low of $1.310e-05.
• Volume peaked at 3,268.18 units and dropped to zero during periods of inactivity.
• No strong RSI or MACD signals emerged to confirm overbought or oversold conditions.
• Price consolidated near $1.312e-05-$1.318e-05 range in the final 12 hours, suggesting possible support.

The Santos FC Fan Token/Bitcoin (SANTOSBTC) pair opened at $1.319e-05 on 2025-11-08 at 12:00 ET and closed at $1.318e-05 on 2025-11-09 at 12:00 ET, with a high of $1.359e-05 and low of $1.310e-05. Total volume traded over the 24-hour period was 19,815.12 units, and total turnover amounted to approximately $2.60 (assuming $1.318e-05 as the average rate for calculation).

Structure & Formations

Price experienced early bullish momentum during the afternoon of the prior day, forming a high of $1.359e-05, followed by a pullback into consolidation. A Bearish Engulfing pattern emerged around 20:30 ET (2025-11-08), which suggested a potential reversal of the prior bullish trend. In the final 12 hours of the session, the price ranged narrowly between $1.312e-05 and $1.318e-05, indicating a potential support level forming at the lower end of the range.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were relatively close, signaling a lack of a strong directional bias. The daily chart did not have sufficient data for 50, 100, or 200-period averages over the 24-hour timeframe. Nevertheless, the short-term moving averages suggest the price may continue to trade within the consolidation phase for the near term.

MACD & RSI

The MACD line remained flat throughout the day, while the histogram showed no strong divergence, indicating a lack of significant momentum. The RSI oscillated between 45 and 55, suggesting neither overbought nor oversold conditions. While not extreme, the RSI suggests a balanced market with no clear short-term directional bias.

Bollinger Bands

Price movement remained tightly within the Bollinger Bands throughout the session, with no significant expansions or contractions observed. The lack of volatility could indicate a period of consolidation ahead of a potential breakout. Price currently resides near the middle band, suggesting no immediate direction is favored.

Volume & Turnover

Volume showed significant spikes during active trading hours, notably at 17:00, 18:30, and 19:45 ET, with a peak of 3,268.18 units at 19:45 ET. However, volume dropped to zero during the late-night hours, correlating with the price consolidation phase. Turnover mirrored this pattern, showing minimal divergence from price movements.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $1.310e-05 to $1.359e-05, the 38.2% and 61.8% levels would align with $1.337e-05 and $1.325e-05, respectively. Price briefly tested the 61.8% level before pulling back toward the lower end of the range, suggesting potential support at $1.320e-05 in the near term.

Backtest Hypothesis

A potential backtest strategy could involve opening a short position at the next-period open following a confirmed Bearish Engulfing pattern. Given the pattern observed on 20:30 ET, a short entry could have occurred at the open of the following candle. For the exit rule, using a stop-loss or take-profit threshold would be more practical than waiting for a Bullish Engulfing counter-pattern in such a low-volume, low-volatility pair. A 5% stop-loss or 5% take-profit target may offer a balanced approach for risk-reward. Further refinement of the strategy would require accurate data on the SANTOSBTC pair and historical testing over a larger period.